Okapi authorized to start uranium hunting in Canada
Okapi Resources is set to embark on a 10,000-metre, 24-hole drilling campaign at its Middle Lake uranium project in Canada’s Athabasca Basin after its wholly-owned subsidiary Okapi Resources Canada received the green light from the government to launch the probe.
The company says it has now secured a series of permits which will also allow it to start a ground geophysical survey at the company.
Okapi says the short-term goal of the exploration program will be to reinterpret and reconstruct previously acquired surface, drilling, geochemical and geophysical data.
The ingredients will then be linked to freshly interpreted remote sensing imagery data to build a robust structural framework that can be integrated into its geological model and allow the company to build a set of drill targets.
Management says its most compelling targets could then be tested with a diamond drill program early next year.
By leveraging multispectral satellite photography with its advanced technical capabilities, Okapi believes it could uncover pockets of altered geology commonly associated with uranium mineralization.
Middle Lake is made up of three mining tenements which encompass a total area of approximately 4,800 hectares and straddle the southern boundaries of the Carswell Structure – an area known to host significant uranium deposits.
The Middle Lake tenure has always been the subject of intensive exploration, with the most recent activity at the site being a shallow 17-hole drill program totaling 1851m in 2015.
This campaign lifted the veil on significant anomalous concentrations of radioactivity and uranium associated with graphitic rocks.
The project is also 4 kilometers southeast of the historically producing Cluff Lake mine, where between 1988 and 2002 approximately 64.2 million pounds of triuranium octoxide at a grade of 0.92% was products.
According to the company, earlier sampling across the operation yielded samples grading up to 16.9% triuranium octoxide, with work around its south buildings spitting out specimens containing around 3.7% triuranium octoxide. triuranium octoxide.
Okapi says work 15km south of the Shea Creek deposit by uranium explorers Orano and UEX could also see it target a series of northwest-trending uranium-rich fault zones that cross the southwest corner of the Middle Lake project.
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